||ORD 28 1/8P
||EPS - Basic
||Market Cap (m)
|Travel & Leisure
Restaurant Group Share Discussion Threads
Showing 1951 to 1974 of 1975 messages
Wednesday January 25
Although industry data for the UK pub and restaurant industry has pointed to stable trading recently, analysts in the City think it is “too early” to expect any significant improvement in like-for-like sales trends at the Restaurant Group.
Last year, the struggling owner of the Frankie and Benny’s and Chiquito chains, ousted its chief executive Danny Breithaupt after it warned on profits. The London-listed group is grappling with increased competition from food-led pubs and branded restaurant chains.
In its half-year results, published in August, the mid-cap company showed an uptick in revenues following a turbulent few months of trading. Forecasts point to full-year pre-tax profits of between £74m to £80m.
However, analysts at Panmure Gordon said: “Frankie & Benny’s, acknowledged as the ‘problem child’, is likely to require more customer-driven menu content, better value, more relevant marketing as well as higher maintenance capital expenditure.”
New boss Andy McCue is also expected to update investors on the findings from the group’s strategic review of operations.
|Roll on wednesday , should see what plans are in store for F&B's plus the numbers of course.|
|The Sutton Hall is an example of the direction the company should and is largely taking.
I don't know how much it turns over or what the profit % is, but I imagine both metrics are considerably higher than at a Frankie & Bennys.
Although the number of B&P outlets is smaller than F&B outlets they are growing rapidly and represent an increasingly greater share of the businesses profitability.
I would imagine the profit generated by a single B&P outlet is probably the equivalent of several F&B outlets.
I don't know whether that metric is published anywhere?
F&B is the past, B&P is the future!
Where the F&B concept isn't working profitably, the outlets should either be closed or converted to newer formats like Coast to Coast or Joe's Kitchen. I believe this is happening already and it needs to continue at an accelerated rate.|
|Usually we go to Brunning and Price pubs at lunchtime when they are always busy. Yesterday evening we went to one near Macclesfield. A very large pub but at 7 pm we would not have got a table had we not booked. Not cheap either for a pub but relatively good food. Impressive activity for a Thursday evening in January. If all the outlets were Brunning and Price it would be a fantastic business. What concerns me is that Frankie and Benny's is the main part of the business and I don't know whether they are getting the improvements they clearly need. I will have watch what other people say on that score.|
|Casual Dining Group the operator of nearly 300 mid-market restaurant brands including Café Rouge, Bella Italia and Las Iguanas reports like-for-like growth of 4.7% over the holiday period.
|My wife`s just back home after having lunch with friends at The Old Orchard, Harefield (Brunning & Price) .... superb , highly recommended :-)|
|And pretty positive numbers from MAB this morning
13th jan Liberum buy tp 450p ....... reiteration for RTN today|
|Good to see The Pru still buying :-)|
|A possibility for sure.. but in reality only about severnteen people really know the answer to that one and I doubt they`d bother to post that information on a messageboard.
Luck with whatever you're doing though :-)|
|will warn again|
|Good numbers out from visa on consumer spending today: Hotels, Restaurants & Bars +7.3% in December!|
|In terms of the business rates changes it could actually be a benefit to RTN due the the skew to outside of London sites and I don't think they apply to Airport leases.|
|Interesting new proposed development for Brunning and Price in a very affluent area
|Jamie Oliver to close six restaurants in 'tough market' after Brexit vote
Chef shrinks size of Jamie’s Italian chain in UK to focus on international launches and expansion of Barbecoa brand
|Let`s hopethe NXT head honcho right....
Chief executive Lord Wolfson, a prominent Vote Leave campaigner, said: “There is a continuation of what we have been talking about for nine months to a year, a cyclical shift out of clothing. Clothing has had a good run. It had a soft landing during the credit crunch when things like car sales were hit harder but now there is a shift away from clothing to more experiential based spending like eating out, holidays and visitor attractions.”
|Also one of Sunday Times share tips for 2017:
The Sunday Times:
Horizon Discovery Group PLC (LON:HZD), NCC Group Plc (LON:NCC), Vodafone Group Plc (LON:VOD), Restaurant Group Plc (LON:RTN), Costain Group Plc (LON:COST), Puretech Health Plc (LON:PRTC), Unilever Plc (LON:ULVR), Aviva Plc (LON:AV), Petrofac Limited (LON:PFC).|
|profit warning ?
due to food inflation|
|One of Sunday Mail MIDAS 2017 tips..|
|All over the place on low volume this week. Back proper on tuesday.|
|The Restaurant Group will release its post-close trading update on Wednesday, 25 January 2017. Two weeks later than last year, lets hope it's a good one.|
|In my opinion no news is good news. The company is now well into those much softer comparatives sales from last year.|
|I`m saying nothing ;-D|
|19th dec ShoreCap buy
|London restaurant bosses in warning over 'crippling' rate rises and Brexit effect
London’s most popular restaurant chains have demanded that Theresa May ease the “crippling” burdens caused by a perfect storm of soaring business rates, taxes and the weak pound.
The list of signatories to the letter is a who’s who of the biggest groups of restaurants in the country, including Casual Dining Group, which owns Café Rouge, Bella Italia, La Tasca and Belgo, and Stock Exchange behemoth The Restaurant Group — owner of Frankie & Benny’s, Garfunkels and Chiquito. Wahaca founder and former Masterchef winner Thomasina Miers also signed.
The companies demanded the Prime Minister consider a reduction in VAT, an extension to the phasing-in period for business rate rises and a cut to employers’ National Insurance contributions.